Despite surging gold prices, fund of funds (FoF) schemes generated lower-to-flat returns for investors as a combination of factors led by high exposure to global mining companies and wild currency fluctuations impacted their performances over the short-to long-term.
Out of the six gold FoF schemes, whose performance was analysed by rating agency Icra, two have been in existence for more than three years and have grossly underperformed physical gold...............................................Full Article: Source